Joanne C. Crevoiserat - Aug 19, 2022 Form 4 Insider Report for TAPESTRY, INC. (TPR)

Role: Chief Executive Officer
Signature: /s/ Emily S. Zahler, Assistant Corporate Secretary, pursuant to a power of attorney filed with the Commission
Stock symbol: TPR
Transactions as of: Aug 19, 2022
Transactions value $: $1,793,192
Form type: 4
Date filed: 8/23/2022, 08:22 PM
Previous filing: Aug 18, 2022
Next filing: Aug 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPR	Common Stock	Tax liability	-$96.8K	-2.63K	-1.25%	$36.83	208K	Aug 19, 2022	Direct	F1
transaction	TPR	Common Stock	Tax liability	-$110K	-2.99K	-1.43%	$36.83	205K	Aug 19, 2022	Direct	F2
transaction	TPR	Common Stock	Award	$2M	+56.5K	+27.53%	$35.41	262K	Aug 22, 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TPR	Stock Option	Award	$0	+333K		$0.00	333K	Aug 22, 2022	Common Stock	333K	$35.41	Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were withheld to pay the taxes in connection with the vesting of restricted stock units.
F2	These shares were withheld to pay for the taxes in connection with the vesting of performance restricted stock units on August 19, 2022, for which performance was certified on August 23, 2021.
F3	These securities were acquired in the form of unvested restricted stock units issued under the Issuer's Stock Incentive Plan. These securities will vest in four equal tranches on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 22, 2023, the second on August 22, 2024, the third on August 22, 2025 and the fourth on August 22, 2026.
F4	These securities were issued under the Issuer's Stock Incentive Plan.
F5	These securities will convert on a 1-for-1 basis into shares of the issuer's common stock.
F6	These service-based securities vest in four equal installments on the first, second, third and fourth anniversaries of the date of grant. The first tranch will vest on August 22, 2023, the second on August 22, 2024, the third on August 22, 2025 and the fourth on August 22, 2026.